Nonprofit · EIN 39-1422114
DOWNTOWN MADISON INC
Tax-exempt · MADISON, WI 53703
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $731,298 | $700,901 | $30,397 | $446,411 | $103,108 | $343,303 |
| December 31, 2023 | 990 | $586,755 | $651,639 | -$64,884 | $367,622 | $54,716 | $312,906 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $378,500
- Program service revenue
- $314,027
- Investment income
- $3,429
- Net income from fundraising events
- $12,492
- Other revenue
- $35,342
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $160,598
- Other salaries and wages
- $277,460
- Salaries, compensation and benefits (total)
- $479,420
- Professional fundraising fees
- $0
- Accounting fees
- $28,104
- Occupancy
- $42,195
- Travel
- $5,281
Balance sheet and other
- Total assets, start of year
- $367,622
- Total assets, end of year
- $446,411
- Total liabilities, end of year
- $103,108
- Net assets, end of year
- $343,303
- Net assets without donor restrictions
- $343,303
- Gross receipts
- $775,806
- Employees
- 8
- Volunteers
- 30
- Year formed
- 1982
- State of legal domicile
- WI
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| JASON ILSTRUP | PRESIDENT Officer | 40 | $145,087 | $15,510 |
| MARGARET WATSON | BOARD CO-CHAIR Trustee or director, Officer | 1 | $0 | $0 |
| PAM CHRISTENSON | BOARD CO-CHAIR Trustee or director, Officer | 1 | $0 | $0 |
| AMY SUPPLE | BOARD VICE-CHAIR Trustee or director, Officer | 1 | $0 | $0 |
| ANITA MAHAMED | TREASURER Trustee or director, Officer | 1 | $0 | $0 |
| DR RUBAN ANTHONY | DIRECTOR Trustee or director | 1 | $0 | $0 |
| JULI AULIK | DIRECTOR Trustee or director | 1 | $0 | $0 |
| ADAM BARR | DIRECTOR Trustee or director | 1 | $0 | $0 |
| STEFANIE BERG | DIRECTOR Trustee or director | 1 | $0 | $0 |
| DAVID BRAUN | DIRECTOR Trustee or director | 1 | $0 | $0 |
| ELIZABETH CARDINALE | DIRECTOR Trustee or director | 1 | $0 | $0 |
| TIM CASPER | DIRECTOR Trustee or director | 1 | $0 | $0 |
| JEANNIE CULLEN SCHULTZ | DIRECTOR Trustee or director | 1 | $0 | $0 |
| PAUL CUTA | DIRECTOR Trustee or director | 1 | $0 | $0 |
| BALTAZAR DE ANDA SANTANA | DIRECTOR Trustee or director | 1 | $0 | $0 |
35 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| PAUL DOMBROWSKI | DIRECTOR Trustee or director | 1 | $0 |
| CHAD ESCHLER | DIRECTOR Trustee or director | 1 | $0 |
| MATT GERDING | DIRECTOR Trustee or director | 1 | $0 |
| BRENDA GONZALEZ | INCLUSIVENESS COMMITTEE CHAIR Trustee or director | 1 | $0 |
| PEGGY GUNDERSON | QUALITY OF LIFE COMMITTEE CHAIR Trustee or director | 1 | $0 |
| MELINDA HEINRITZ | GOVERNMENT RELATIONS COMMITTEE CHAIR Trustee or director | 1 | $0 |
| ALISON HELLAND | DIRECTOR Trustee or director | 1 | $0 |
| TANIA IBARRA | DIRECTOR Trustee or director | 1 | $0 |
| MEGAN JERABEK | DIRECTOR/EXECUTIVE COMMITTEE MEMBER Trustee or director | 1 | $0 |
| ELI JUDGE | DIRECTOR Trustee or director | 1 | $0 |
| WINNIE KARANJA | DIRECTOR Trustee or director | 1 | $0 |
| BRIAN LEE | MEMBERSHIP DEVELOP. COMMITTEE CHAIR Trustee or director | 1 | $0 |
| DAN KENNELLY | DIRECTOR Trustee or director | 1 | $0 |
| TRACI MANN | DIRECTOR Trustee or director | 1 | $0 |
| KATHY MARKS | DIRECTOR Trustee or director | 1 | $0 |
| JOSH MARRON | DIRECTOR Trustee or director | 1 | $0 |
| SANDY MORALES | NOMINATING COMMITTEE CHAIR Trustee or director | 1 | $0 |
| ANNE NEUJAHR MORRISON | DIRECTOR Trustee or director | 1 | $0 |
| WES MOSMAN BLOCK | DIRECTOR Trustee or director | 1 | $0 |
| DAN O'CALLAGHAN | DIRECTOR Trustee or director | 1 | $0 |
| BETH PROCHASKA | DIRECTOR Trustee or director | 1 | $0 |
| MORGAN RAMAKER KLASS | TRANSPORTATION COMMITTEE CHAIR Trustee or director | 1 | $0 |
| KATIE RIST | DIRECTOR Trustee or director | 1 | $0 |
| ANGELA RUSSELL | DIRECTOR Trustee or director | 1 | $0 |
| MARK RICHARDSON | PERSONNEL COMMITTEE CHAIR Trustee or director | 1 | $0 |
| BEN SCHMIDT | DIRECTOR Trustee or director | 1 | $0 |
| KARLA THENNES | DIRECTOR Trustee or director | 1 | $0 |
| ELI TSAROVSKY | DIRECTOR Trustee or director | 1 | $0 |
| JIM TUBBS | DIRECTOR Trustee or director | 1 | $0 |
| VIC VILLACREZ | DIRECTOR Trustee or director | 1 | $0 |
| CASSIDY WARTENWEILER | DIRECTOR Trustee or director | 1 | $0 |
| NATHAN WAUTIER | DIRECTOR/EXECUTIVE COMMITTEE MEMBER Trustee or director | 1 | $0 |
| LYNN WOOD | DIRECTOR Trustee or director | 1 | $0 |
| MARISA YOUNG | DIRECTOR Trustee or director | 1 | $0 |
| ALEX YSQUIERDO | DIRECTOR Trustee or director | 1 | $0 |
990 for the year ended December 31, 2023: 49 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| JASON ILSTRUP | PRESIDENT Officer | 40 | $147,549 | $11,445 |
| MARK RICHARDSON | CO-CHAIR Trustee or director, Officer | 1 | $0 | $0 |
| MARGARET WATSON | CO-CHAIR Trustee or director, Officer | 1 | $0 | $0 |
| PAM CHRISTENSON | VICE CHAIR Trustee or director, Officer | 1 | $0 | $0 |
| ANGIE BLACK | SECRETARY Trustee or director, Officer | 1 | $0 | $0 |
| ANITA MAHAMED | TREASURER Trustee or director, Officer | 1 | $0 | $0 |
| DR RUBEN ANTHONY | DIRECTOR Trustee or director | 1 | $0 | $0 |
| JULI AULIK | DIRECTOR Trustee or director | 1 | $0 | $0 |
| DAVID BRAUN | DIRECTOR Trustee or director | 1 | $0 | $0 |
| TIM CASPER | DIRECTOR Trustee or director | 1 | $0 | $0 |
| GEORGE CULLEN | DIRECTOR Trustee or director | 1 | $0 | $0 |
| PAUL CUTA | DIRECTOR Trustee or director | 1 | $0 | $0 |
| BALTAZAR DE ANDA SANTANA | DIRECTOR Trustee or director | 1 | $0 | $0 |
| PAUL DOMBROWSKI | DIRECTOR Trustee or director | 1 | $0 | $0 |
| MATT GERDING | DIRECTOR Trustee or director | 1 | $0 | $0 |
| BRENDA GONZALEZ | INCLUSIVENESS COMMITTEE CHAIR Trustee or director | 1 | $0 | $0 |
| KARI GRASEE | DIRECTOR Trustee or director | 1 | $0 | $0 |
| PEGGY GUNDERSON | QUALITY OF LIFE COMMITTEE CHAIR Trustee or director | 1 | $0 | $0 |
| MELINDA HEINRITZ | GOVERNMENT RELATIONS COMMITTEE CHAIR Trustee or director | 1 | $0 | $0 |
| ALISON HELLAND | DIRECTOR Trustee or director | 1 | $0 | $0 |
| MELISSA HUGGINS | DIRECTOR Trustee or director | 1 | $0 | $0 |
| TANIA IBARRA | DIRECTOR Trustee or director | 1 | $0 | $0 |
| MEGAN JERABEK | PAST BOARD CO-CHAIR Trustee or director | 1 | $0 | $0 |
| ELI JUDGE | DIRECTOR Trustee or director | 1 | $0 | $0 |
| WINNIE KARANJA | DIRECTOR Trustee or director | 1 | $0 | $0 |
| BRIAN LEE | MEMBERSHIP DEVELOPMENT COMMITTEE CHAIR Trustee or director | 1 | $0 | $0 |
| DAN KENNELLY | DIRECTOR Trustee or director | 1 | $0 | $0 |
| TRACI MANN | DIRECTOR Trustee or director | 1 | $0 | $0 |
| KATHY MARKS | DIRECTOR Trustee or director | 1 | $0 | $0 |
| JOSH MARRON | DIRECTOR Trustee or director | 1 | $0 | $0 |
| KEVIN MARTIN | DIRECTOR Trustee or director | 1 | $0 | $0 |
| CHANDRA MILLER FIENEN | CHALLENGE COMMITTEE CHAIR Trustee or director | 1 | $0 | $0 |
| SANDY MORALES | NOMINATING COMMITTEE CHAIR Trustee or director | 1 | $0 | $0 |
| PETER MORTENSON | DIRECTOR Trustee or director | 1 | $0 | $0 |
| STACY NEMETH | DIRECTOR Trustee or director | 1 | $0 | $0 |
| ANNE NEUJAHR MORRISON | DIRECTOR Trustee or director | 1 | $0 | $0 |
| DOUG POLAND | DIRECTOR Trustee or director | 1 | $0 | $0 |
| BETH PROCHASKA | DIRECTOR Trustee or director | 1 | $0 | $0 |
| MORGAN RAMAKER KLASS | TRANSPORTATION COMMITTEE CHAIR Trustee or director | 1 | $0 | $0 |
| KATIE RIST | DIRECTOR Trustee or director | 1 | $0 | $0 |
| ANDREW ROETHE | DIRECTOR Trustee or director | 1 | $0 | $0 |
| ANGELA RUSSELL | DIRECTOR Trustee or director | 1 | $0 | $0 |
| AMY SUPPLE | DIRECTOR Trustee or director | 1 | $0 | $0 |
| KARLA THENNES | DIRECTOR Trustee or director | 1 | $0 | $0 |
| JEFF TUBBS | DIRECTOR Trustee or director | 1 | $0 | $0 |
| ERIC UPCHURCH | DIRECTOR Trustee or director | 1 | $0 | $0 |
| VIC VILLACREZ | DIRECTOR Trustee or director | 1 | $0 | $0 |
| NATHAN WAUTIER | DIRECTOR/EXECUTIVE COMMITTEE CHAIR Trustee or director | 1 | $0 | $0 |
| ALEX YSQUIERDO | DIRECTOR Trustee or director | 1 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 122 W WASHINGTON AVE STE 250, MADISON, WI 53703-2732
- Principal officer (990 for 2024)
- JASON ILSTRUP, 122 W WASHINGTON AVENUE 250, MADISON, WI 53703
- Signed the 990
- JASON ILSTRUP, PRESIDENT
- Phone
- (608) 512-1330
- Website
- WWW.DOWNTOWNMADISON.ORG
- Return prepared by
- WIPFLI LLP
Mission
MAKE DOWNTOWN MADISON AN ECONOMICALLY STRONG, EQUITABLE, INCLUSIVE, AND VIBRANT PLACE TO LIVE, WORK, AND VISIT.
Program accomplishments
- DOWNTOWN MADISON, INC (DMI) IS COMMITTED TO REPRESENTING THE INTERESTS OF BUSINESSES, RESIDENTS, EMPLOYEES AND VISITORS TO ENSURE THAT DOWNTOWN MADISON IS A GREAT PLACE TO LIVE, WORK, SHOP AND VISIT. DMI CONNECTS DOWNTOWN PARTNERS FOR THE BETTERMENT OF THE CENTRAL CITY. DMI HAS OVER 575 MEMBERS WHO ENJOY MULTIPLE FREE MONTHLY MEMBER PROGRAMS, WHICH PROVIDE EDUCATIONAL PRESENTATION AND NETWORKING OPPORTUNITIES. MEMBERS ALSO RECEIVE A WEEKLY E-NEWSLETTER. DMI ALSO WORKS WITH MADISON'S CENTRAL BUSINESS IMPROVEMENT DISTRICT (BID) TO PROMOTE THE DOWNTOWN RETAIL AREA.
- DOWNTOWN MADISON, INC. (DMI) ADVOCATES ON BEHALF OF ITS MEMBERS TO LOCAL GOVERNMENT POLITICIANS AND OFFICIALS IN THE AREAS OF ECONOMIC DEVELOPMENT, EQUITY/INCLUSION, QUALITY OF LIFE, AND TRANSPORTATION ISSUES.
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 39-1422114
- Tax-exempt status
- 501(c)(6): Business league or chamber of commerce
- Donations deductible
- No
- Exempt since
- 1983
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Assets (IRS master file)
- $446,411
- Income (IRS master file)
- $775,806
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $731,298 | $700,901 | $446,411 | IRS |
| 990 | December 2023 | $586,755 | $651,639 | $367,622 | XML |
| 990 | December 2022 | $889,630 | $907,206 | $476,035 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 39-1422114).
Questions about DOWNTOWN MADISON INC
- What is the EIN of DOWNTOWN MADISON INC?
- The employer identification number (EIN) of DOWNTOWN MADISON INC is 39-1422114.
- Is DOWNTOWN MADISON INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(6) since 1983.
- Are donations to DOWNTOWN MADISON INC tax-deductible?
- No. The IRS master file says contributions to it are not deductible.
- Which annual return does DOWNTOWN MADISON INC file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of DOWNTOWN MADISON INC due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did DOWNTOWN MADISON INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of DOWNTOWN MADISON INC?
- The 990 for the year ended December 31, 2024 names JASON ILSTRUP.
- Who are the officers and directors of DOWNTOWN MADISON INC?
- The 990 for the year ended December 31, 2024 lists 50 people; 1 received compensation from the organization, the highest $145,087 (JASON ILSTRUP, PRESIDENT).
- How much revenue does DOWNTOWN MADISON INC have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $731,298, expenses of $700,901 and total assets of $446,411 at year end.
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